The National Association of REALTORS (NAR) needs your help to drive messages to Members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act.” H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved …
Reauthorize the National Flood Insurance Program (NFIP) Read More »
Effective October 1, 2017, Sun City Roseville will implement a Special Use Fee of $1,500 to all new homeowners. Sun City Roseville Special Use Fee
Today’s Joint Auburn Marketing Meeting featured CAR Assistant General Counsel, Gov Hutchinson. Gov updated the group on all of the new and changing laws that will affect the real estate industry and an overview of the new forms coming out December 12, 2016. If you were not able to attend this mornings meeting click here …
Gov Hutchinson, CAR Assistant General Counsel speaks at Joint Auburn Marketing Meeting Read More »
We alerted you in May that we had received notices from some of the local jurisdictions of their intent to kick-up their enforcement of their sign ordinance. We have heard from a handful of you that Rocklin, in particular, has ramped up enforcement of their sign ordinance and began confiscating open house signs that are …
Placer Land Trust, Pulte, and PL Roseville LLC have resolved the pending litigation over the application of the 0.5% re-sale fee to homes within The Club at Westpark by Del Webb. As of July 27, 2012, the parties reached a full and complete settlement of this dispute that resolves the issue of whether homes within …
Private Transfer Fees within The Club at Westpark by Del Webb… Read More »
C.A.R. Member Legal Services has published a new legal article, 2011 New Laws (Nov. 3, 2010). It is available as a navigation tab under the Legal Section and also on the Real Estate Resources page on C.A.R. Online. This new chart summarizes all the significant new laws passed by the California and Federal legislatures affecting the real estate industry …
Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, …
$18,000 in Combined Homebuyer Tax Credits for a Limited Time Read More »
The City of Colfax has approved a new sewer lateral ordinance which does contain certain close of escrow requirements. Please click here to read the entire ordinance.
Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws. Short sale agents have increasingly reported to C.A.R. about requests for agents and their clients to pay junior lienholders and others, oftentimes outside of escrow. One common scenario is when …
A real estate broker’s commission may be determined using a percentage of the sales price, a flat fee, or a combination of both, according to a recent letter from HUD’s General Counsel Helen Kanovsky. The January 22 letter clarifies the distinction between using a formula to calculate a legitimate commission, as opposed to an unearned …
HUD Letter Allows Percentage Plus Flat Fee Commission Read More »